I agree, i would also add that because of beauracracy and the seemingly "anti" geothermal push from the Govt(for whatever reason i have NO idea) then it has left companies in this sector reeling and scraping the barrel for cash.PTR and GDY are classic examples of beauracracy gone mad.
Of course i am disappointed in this ann today by Panax but not for me, for LT holders who have supported the company. so for the Australian leg of geothermal in general it is a slap in the face to the "green" govt who push so hard for green energy but lack any type of forward looking initiative possibly because of the funds needed to get this show on the road . cheer
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